Ketan Chhaganlal Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Ketan Chhaganlal Patel, acting on behalf of the promoter and promoter group of Creative Newtech Limited, has submitted a yearly disclosure to NSE under SEBI Regulation 31(4). He has confirmed that no encumbrance (such as a pledge, lien, or charge) was created on any shares held directly or indirectly by the promoter group during the financial year ending March 31, 2025. This is a routine annual compliance filing required from promoters to assure the exchange that their holdings remain free of encumbrances.
This is a neutral, routine compliance filing with no material impact on shareholders or stock price. It simply reassures the market that promoter holdings were not pledged or used as collateral during the year, which is generally viewed as a positive sign of promoter confidence and financial stability.